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Nairaland Forum / Nairaland / General / Politics / Obasanjo: Borrowing For Recurrent Expenditure Is Foolish (16496 Views)
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Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by NGpatriot: 5:49am On Sep 20, 2021 |
The difference is clear... God Bless PMB God Bless our well-utilized loans.. God Bless me and my country, Nigeria.. 1 Like
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Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by chukel(m): 5:55am On Sep 20, 2021 |
Obasanjo is mischievous and foolish at the same time to say this government is borrowing for recurrent expenditure. Every money borrowed by buhari administration has been attached to capital projects. That's not recurrent expenditure. It was even okonjo iweala under jonathan who borrowed to pay salaries which is a recurrent expenditure. 1 Like |
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by ArcFresky(m): 5:55am On Sep 20, 2021 |
AGNESikpuNNU: All this your nonsense ethnical bias based rethoric is only adding to the problem. You are also part of the problem, if all you are going to do is point fingers. |
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by NGpatriot: 5:55am On Sep 20, 2021 |
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Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by faridasr: 5:55am On Sep 20, 2021 |
I don’t waste my time responding to a biased toilet paper like punch. What does Obasanjo have to show for his borrowings, at least under Buhari we can see infrastructural transformation. If you’re unhappy about your dilecto and suplim lida you can respond 1 Like |
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by ArcFresky(m): 5:57am On Sep 20, 2021 |
chukel: You are not in govt, u have never been in govt, so am 100% sure you Obj is more knowledgeable than you. 2 Likes |
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by NGpatriot: 5:59am On Sep 20, 2021 |
chukel: God Bless you, they think we aere fools, we see all oer the place what they are doing with our loans, it's highlighted in black and white. When fools like OBJ and his looting and stealing party can not show us their achievements after 16 years in office, they try to distract and blame others to save face. 2 Likes |
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by NGpatriot: 6:02am On Sep 20, 2021 |
ArcFresky: The pesin wey abandon projects on the drawing board is knowledgeable, but the pesin wey hustle to build am and put it to use for Nigerians to benefit from is not knowledgible? Talk about a brain with permanent reverse function.. 2 Likes |
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by chukel(m): 6:03am On Sep 20, 2021 |
ArcFresky:he is more knowledgeable does not rule out the fact that he is mischievous and can be very silly and petty. He just lied about borrowing for recurrent expenditure. If you will be truthful to yourself, dig up all the loans from this adminstration on social media and see projects attached to all. Even the current loan he is trying to get, ipob was complaining south east was marginalised in the projects attached to the loan. Let us always stand for the truth. 1 Like |
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by NGpatriot: 6:05am On Sep 20, 2021 |
Warri Itakpe nko? Abandoned for 30 years including under OBJ, Yaradua and GEJ, they did not even touch it, but PMB completed it in less than 3 years. OBJ and his looting and stealing gang set us back for decades... 2 Likes
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Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by watchindelta(m): 6:05am On Sep 20, 2021 |
Oh oh my rejected Country spend 21tr for a train that move only 2 times a week. Nothing is working in that country. Hell is hot and dark (Nigeria) 1 Like |
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by NGpatriot: 6:09am On Sep 20, 2021 |
ZIK mausoleum was abandoned for 26 years including under OBJ, Yaradua and GEJ, but PMB completed it in less than 2 years/.. Where there's life and competence, there is hope. 2 Likes
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Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by Luckydubby7(m): 6:09am On Sep 20, 2021 |
ednut1:But there were once in power and it weren't the same. |
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by Nobody: 6:14am On Sep 20, 2021 |
NGpatriot:
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Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by MrBONE2(m): 6:16am On Sep 20, 2021 |
NGpatriot:
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Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by NGpatriot: 6:16am On Sep 20, 2021 |
The 127.6 kilometres road, arguably the busiest in Nigeria and Africa is undergoing reconstruction 48 years after it was inaugurated by the then Gen. Olusegun Obasanjo on Aug.18, 1978. OBJ failed to complete a 127 km road before and after 8 years in office, including under Yradua and GEJ, they all failed even after awarding and rewarding tons of contracts for the same road, they still left it rotten and abandoned, but to God be the glory, it's almost ready under PMB and some oof the new loan is going toward this project. . 2 Likes
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Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by NGpatriot: 6:18am On Sep 20, 2021 |
MrBONE2: With GEJ/DASUKI ATM looted funds, We fit buy 24 Tucano and build another Lagos Ibadan railway and still have change left without borowing 1 kobo. 1 Like
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Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by NGpatriot: 6:24am On Sep 20, 2021 |
FG introduces austerity measures They crippled the economy and eventually declared austerity measures 6 months before PMB,. Imagine the fools declared austerity when oil was selling for $78/barrel. ..but it was almost less than $20 when PMB came in and Nigeria did not die. 2 Likes |
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by yemex04(m): 6:27am On Sep 20, 2021 |
But Buhari has not borrowed to pay salary now.. Obj himself said it is fine if we borrowed for developmental projects, and seriously we have to borrow to address our infrastrural deficit..it is just so huge. There are no two ways to it, we must borrow and Fashola & Amechi are doing well by using the funds for capital projects.. Like loan from China is not even in cash but in investing in hearmarked capital projects which is fine 1 Like |
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by NGpatriot: 6:29am On Sep 20, 2021 |
yemex04: OBJ is senile and being disingenuous.. 1 Like |
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by NGpatriot: 6:31am On Sep 20, 2021 |
FG borrows N473bn to pay salaries - Okonjo-Iweala After record oil sales and the largest oil earnings in the history of Nigeria, the looting and stealing clowns still borrowed N473b to pay salaries. GEJ borrowed N473 billion in May 2015 to pay workers salaries, just a few weeks before handing over to PMB, but they want to lie and convince Nigerians that they left a great economy. Bunch of crooks, liars and looters.. 2 Likes |
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by galaxylauncher: 6:34am On Sep 20, 2021 |
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by Taiwojon(m): 6:35am On Sep 20, 2021 |
Help us tell bubu ooo Anyway Jesus is the answer to all problem! Jesus saves |
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by damiloladuke: 6:36am On Sep 20, 2021 |
True |
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by Nobody: 6:37am On Sep 20, 2021 |
NGpatriot: Poverty of the mind- Parochial mentality, moreover the Fulani s have never given Nigerians any elected college graduate.Obj paid off all our foreign debts. 1 Like
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Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by Kay25(m): 6:45am On Sep 20, 2021 |
NGpatriot:tell me one of those projects 1 Like |
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by NGpatriot: 6:51am On Sep 20, 2021 |
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by rontolo(m): 7:00am On Sep 20, 2021 |
NGpatriot: You are senseless. Almost all the funds needed for 2022 budget is borrowed. What percentage of our budget goes to recurrent expenditure? Obj is spot on. Buhari is borrowing to fund salaries, buy food in presidential villa and other wasteful ventures. Nigeria in deep sh1t |
Re: Obasanjo: Borrowing For Recurrent Expenditure Is Foolish by NGpatriot: 7:01am On Sep 20, 2021 |
Obasanjo Flags Off N58.6bn Second Niger Bridge OBJ flagged off the same project that GEJ flagged off and left for dead on the drawing board.. God Bless PMB.. 3 Likes
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